Home Loan EMI Prepayment | How to Save Home Loan Interest Amount | Loan EMI Calculator

Home Loan EMI Prepayment Calculator | How to Save Home Loan Interest Amount | Save Loan Interest
In this video by FinCalC TV, we will see how to calculate home loan EMI and interest using Excel Calculator formula examples in hindi, save home loan interest using prepayment and home loan principal & interest amounts calculation excel sheet prepayment option. We will also see how you can save home loan interest by home loan repayment calculation. We will also see how interest and principal amounts of Home Loan EMI will be calculated. Home loan EMI can be increased to reduce the total interest.

DOWNLOAD Home Loan EMI Excel Calculator:

After watching this video following queries will be solved:
How to calculate home loan EMI?
How to Save home loan interest?
How to calculate home loan EMI in excel sheet?
What is home loan EMI calculation excel formula?
What is home loan EMI calculation formula?
How to reduce home loan interest?
Loan prepayment excel examples to save loan interest?
Home loan prepayment or repayment options?
Principal and interest amounts of home loan emi?
Home loan emi increase will save interest amount?
Increase in EMI will decrease loan interest payment?
Benefits of home loan prepayments?
What is home loan emi not paid?

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What is Home Loan EMI Calculator?
Home Loan EMI Calculator assists in calculation of the loan installment i.e. EMI towards your home loan. It an easy to use calculator and acts as a financial planning tool for a home buyer.

What is Home Loan EMI?
EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMI.

How does EMI calculation help in planning the home purchase?
Home Loan EMI calculator gives a clear understanding of the amount that needs to be paid towards the EMIs and helps make an informed decision about the outflow towards the housing loan every month. This helps estimate the loan amount that can be availed and helps in assessing the own contribution requirements and cost of the property. Therefore knowing the EMI is crucial for calculation of home loan eligibility and planning your home buying journey better.

Factors that Affect Housing Loan EMI
Principal- The principal is the loan amount that you avail from the lender. It is directly proportional to your EMIs - lower principal will lower your monthly instalments and vice versa.
Rate of interest- The rate of interest is the rate at which the lender offers you the loan. It is also directly proportional to the value of your loan EMIs.
Tenure- The tenure is the time within which you repay your loan. The tenure is inversely proportional to your loan EMIs - longer tenure makes the monthly instalments cheaper and vice versa.

What is Home Loan Amortization Schedule?
Loan amortization is the process of reducing the debt with regular payments over the loan period. A home loan amortization schedule is a table giving the details of the repayment amount, principal and interest component.

EMI calculators give a fair understanding about the ratio of the principal amount to the interest due, based on the loan tenure and interest rates. EMI calculator also provides an amortization table elucidating the repayment schedule. Home loan calculator provides a complete break-up of the interest and principal amount.

How do part-prepayments impact your EMIs?
Part-prepayment brings down the principal amount, which in turn lowers the interest amount that you have to pay, which results in lower EMI amounts overall.

#LoanEMICalculator #LoanPrepayment #EMIExcelFormula #Excel #Calculator #FinCalCTV

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DISCLAIMER:
Examples used are for Illustration purpose only and might not cover every detail of examples shown. It is advised to seek professional help before taking any financial decisions. The owner of this channel shall not be liable in any way.

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[aviralojha]

No doubt! This is the best video on YouTube for Home loan pre payment savings calculation. The presentor provided a crystal clear knowledge, no much fuss or mess while providing details. Comprehensive Knowledge gained after watching this video.

[RohitSingh-iwgr]

best samjhaya bhai ne atleast koi sip aur investments ka gyan nhi dia sabse best tarika 👍🏻

[khanzermohammedsikandar]

Clean and clear information. Thank you so much bro.

[equablestatus]

This is the best video on YouTube for Home loan pre payment savings calculation.

[srinivascnp]

This is some real quality content bro. However I want you to consider one thing.There are some fixed deposits that provide greater interest rate than housing loan interest rate (e.g.shriram city union finance). Moreover, housing loan is calculated by reducing balance method while fixed deposit interest is calculated by cumulative method. This means that 1 lakh invested for 3 years will earn around 7.95% with shriram that gives you almost 1.23 lakh at the end of 3 years which is a good option if you compare with loan prepayment

[asifsurti]

Bahut hi badiya video hai badi hi acchi Tarah explain Kiya Hai aapne aur bahut aasani se samajh me aa gaya.... Dhanyavad

[amazingtimes]

Excellent presentation, clear and precise 👌

[vipinverma]

Bahut hi shandar presentation sir,
Kahi home loan wale naaraj na ho jaye aapse😂😂😂

[madanlal]

Gupta ji your Video is very informative and your channel deserve for Subscribed, one little query is there if someone get a home loan amount 10 Lakh for 10 years from sbi bank on floating rate of interest, can individual pay 1 lakh extra as prepayment continuously for first five year, and is the tenure of loan can be reduced by doing this

[RKArya-pown]

aap bahut jaldi jaldi speech dete hai, jo samjh se bahar hai, step wise dhire dhire bataiye jiska labh aam janta Utah sake thanks

[sumatimahadik]

Upon prepayment, what should we do?
Should we reduce loan term or should we reduce EMI?

[rocking_ahlawat]

So nicely u have explained. Very important knowledge u have imported. Thanks a lot.

[Santosh-pvpb]

Sir ye floating rate aur fixed rate of interest me same hoga kya?

[ManojSharmaExplorer]

This video deserve Likes. Great content. Far better than any reel Videos. This adds value 👍🏻

[rashi]

Can you please share the excel calculator for prepayment?

[ishankjain]

Very informative Sir.
Few basic questions :-
1. In the last months while doing prepayments, it was showing negative principal and interest. What does it mean ?
2. How does prepayment impact our tenure ? As an example, lets consider 2 cases in the above example :-
Case#1 :- We are doing prepayment of 1 lakh
Case#2 :- We are doing prepayment of 1.1 lakh,
What's the difference in tenure in both the cases if EMI is same ? This is because bank generally talks about EMIs in terms of remaining months/tenure and if remaining months are same in both the cases whether we repay 1 lakh or 1.1 lakh, where exactly we are getting the benefit ?

[snehashisdas]

sirji are these calculations same for every institutes?
or does it differ?
(ex:- does sbi and hdfc both calculate in the same way? )

[swapnilkothari]

Thanks for valuable info... nice video


So we can repay additional amount in any month no need to wait for year end

[juwalekhalilabduljuwale]

Bank of India se 12 lakh home loan liya hu 20 years ke liye 12thousand mera emi hai mai is ko jaldi kaise clear kro please suggest me